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Activity in Financialstatement

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Note: please see your hand out that I give it to you

ACTIVITY:
DEFINE THE FOLLOWING TERMS:

1. Income statement
2. Balance Sheet
3. Cash flow
4. Revenue
5. Cost and expenses
6. Net income
7. Net loss
8. Assets
9. Liabilities
10. Liquidity ratios
11. Current ratio
12. 12.acid test ratio
13. leverage financial ratios
14. Break even analysis
15. Profitability ratio
This terms will be used in solving your financial analysis….

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